IMF report: Global economy looks grim for 2012
By Howard Schneider, Updated: Tuesday, January 24, 10:45 AM
WashingtonPost.com
The world economy is slowing sharply, and the euro region is headed for recession this year, the International Monetary Fund predicted Tuesday in a bleak update of global conditions.
Overall, the world economy is expected to expand 3.25 percent in 2012 — down from the 4 percent projected by the IMF in the fall.
That figure includes 8.2 percent growth in China, still the world’s most quickly expanding economy, and 7 percent in India. U.S. growth is forecast at 1.8 percent, the same as the fund projected in the fall.
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http://www.washingtonpost.com/business/economy/imf-report-global-economy-to-hit-mild-recession/2012/01/24/gIQAWR6SNQ_print.html
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